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Strategies & Market Trends : Value Investing

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To: AsianValueInvestor who wrote (51993)	8/5/2013 9:20:32 PM
From: Spekulatius	Read Replies (1) of 78625

Pass for me too. My main issue is that it's not cheap enough with an ~18PE. I can buy well managed consumer good companies in the US or Europe for a similar PE. Their near term outlook appears to be muted with slightly declining earnings. The company has not much of an export business (<10% of revenues) and the Japanese consumer goods market has way below average growth. There is only one reason to buy japanese stocks - thy must be very very cheap. 4967.T does not fit the bill for me (not many japanese stocks do after the recent Abenomics fueled runup) so it's a pass for me. Since you are located in HK - do you own any value stocks there? There should be decent bargains there with China in the tank. We don't buy stocks in HK because we are the patsies' usually, but that should not apply to you. But we have been looking: Message 29006174

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